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Marcshall has calculated that he will need $500,000 in his retirement fund in 40 years when he plans to retire. If Marshall can earn 9%

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Marcshall has calculated that he will need $500,000 in his retirement fund in 40 years when he plans to retire. If Marshall can earn 9% annually over this period, how much does Marshall need to save annually to meet that goal? (Future value annuity factor (9%,40)=337.882. Present value annuity factor (9%,40)=10.757)

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